The weak FQ4 guidance attached to Infosys' (INFY-10%) FQ3 report is affecting shares of rival Wipro (WIT-4.1%), and perhaps also those of IT services kingpin IBM (IBM-1.7%). During its earnings call, Infosys expressed optimism about a turbulent macro environment increasing corporate interest in offshore services, but also suggested IT budgets "could be flat or slightly down" this year.